Quarterly Report 3/2008 (PDF, 308 KB) - Munich Re

Selected notes to the consolidated financial statements
Expenses for claims and benefi ts
Reinsurance Primary insurance Total
Life and health Property-casualty Life and health Property-casualty
€m1 Q1–3 2008 Q1–3 2007 Q1–3 2008 Q1–3 2007 Q1–3 2008 Q1–3 2007 Q1–3 2008 Q1–3 2007 Q1–3 2008 Q1–3 2007
Gross
Claims and benefi ts paid
Change in technical provisions
Provision for future policy
3,058 3,105 6,247 6,535 7,360 7,324 2,356 2,239 19,021 19,203
benefi ts 326 373 19 17 835 1,450 27 30 1,207 1,870
Provision for outstanding claims 121 249 797 466 14 –100 207 149 1,139 764
Provision for premium refunds – – 6 –5 180 1,834 10 20 196 1,849
Other technical result
Gross expenses for claims
18 – 19 7 95 144 26 8 158 159
and benefi ts
Ceded share
3,523 3,727 7,088 7,020 8,484 10,652 2,626 2,446 21,721 23,845
Claims and benefi ts paid
Change in technical provisions
Provision for future policy
134 285 749 766 59 54 130 201 1,072 1,306
benefi ts –2 –15 – – 54 64 – – 52 49
Provision for outstanding claims –10 –154 –393 –455 –1 –3 82 –98 –322 –710
Provision for premium refunds – – – – – – – 1 – 1
Other technical result –1 –18 –12 –8 –52 –47 –1 1 –66 –72
Expenses for claims and benefi ts
Ceded share
Net
121 98 344 303 60 68 211 105 736 574
Claims and benefi ts paid
Change in technical provisions
Provision for future policy
2,924 2,820 5,498 5,769 7,301 7,270 2,226 2,038 17,949 17,897
benefi ts 328 388 19 17 781 1,386 27 30 1,155 1,821
Provision for outstanding claims 131 403 1,190 921 15 –97 125 247 1,461 1,474
Provision for premium refunds – – 6 –5 180 1,834 10 19 196 1,848
Other technical result
Net expenses for claims
19 18 31 15 147 191 27 7 224 231
and benefi ts 3,402 3,629 6,744 6,717 8,424 10,584 2,415 2,341 20,985 23,271
1 After elimination of intra-Group transactions across segments.
50 Munich Re Group Quarterly Report 3/2008